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IN HB1059
Bill
Status
1/5/2016
Primary Sponsor
David Ober
Click for details
AI Summary
I don't have the text of HB1059 in the document provided. The document you've shared contains only Senate Bill No. 283 from the 2016 Indiana General Assembly, which concerns counterterrorism measures.
To summarize HB1059 about city and town fiscal matters, I would need the actual bill text for that legislation. Please provide the HB1059 document if you'd like me to create a bullet-point summary.
Legislative Description
City and town fiscal matters. Requires a city or town outside of Marion County to deposit all of the city's or town's cigarette tax distribution in the city's or town's general fund. (Current law requires the distribution to be divided between the city's or town's general fund and a cumulative capital improvement fund.) Repeals the following: (1) The requirement that a city or town establish a cumulative capital improvement fund. (2) A nonreversion provision. (3) Authority to transfer money from a cumulative capital improvement fund to the city's or town's general fund. Makes conforming changes. Provides that money distributed to
Last Action
Representative Karickhoff added as coauthor
1/11/2016